Investigator BSA/AML

Job Description

Under the direction of Bank Secrecy Act Officer, this position is responsible for reviewing and researching customer transactions to identify and report suspicious activity to ensure compliance with applicable laws, regulations, regulatory requirements and Bank policies and procedures, including but not limited to those related to Fair Banking, Anti-Money Laundering laws and regulations, Bank Secrecy Act and USA PATRIOT Act.

Responsibilities

• Performs an investigation of all “alerts” generated by the anti-money laundering monitoring system to determine whether transactions identified qualify as suspicious activity. Manages ongoing investigations utilizing an electronic case management system for “alerts” that require filing a Suspicious Activity Report (SAR) and document results. Monitors and tracks the results of all suspicious activity “alerts” reported to cost centers. Handles technically complex and multiple cases concurrently involving multiple relationship accounts, tiered and complex transactions, and international wires involving high risk jurisdictions, and complex cash structuring schemes.
• Prepares and submits Suspicious Activity Reports to the Financial Crimes Enforcement Network as required by law. Coordinates contact with Corporate Security to provide information regarding ongoing investigations for reported SARs. Maintains information on customers with repeat SAR activity. Prepares periodic reports on SAR activity.
• Serves as a Team Leader to other junior investigators and provides consultation on cases, reviews waived cases for appropriate decision making, and validated that case files are appropriately documented.
• Assists in developing and updating department operation policies, procedures, forms and other documentation to provide guidance and direction to BSA investigative unit staff. Prepares and reviews policies, procedures, forms and other documentation to provide guidance and direction to all applicable BOHC lines of business on the requirements for identification and reporting of suspicious activity. Documents all processes and procedures for managing the automated anti-money laundering system and update as necessary.
• Conducts system tests of the anti-money laundering system including tests of updates provided by vendors. Under the direction of the BSA Officer, communicates with vendors and IMSG to report and resolve any outstanding issues. Coordinates systems modifications and initiatives as necessary to meet new regulatory requirements.
• Performs all other miscellaneous responsibilities and duties as assigned.
• This position requires the use of personal computer and other standard office equipment.
  
  
  

Qualifications

MINIMUM QUALIFICATIONS:

• EDUCATION: Bachelor’s degree in business or related area, or equivalent business experience.
• EXPERIENCE:
  
  
  

Analyst Compliance Bank Secrecy Act: Minimum five years of work experience with responsibility for regulatory compliance of banking laws and regulations or equivalent work experience. Must have good knowledge and understanding of the Bank Secrecy Act, the USA PATRIOT Act, OFAC and other related laws and regulations.

Senior Investigator BSA/AML: Six to eight years of comprehensive technical knowledge of bank operations in order to assess suspicious activity. General knowledge of BSA and AML regulations.

Senior Administrator Compliance BSA: Minimum 7 years of business experience with 2 - 3 years in regulatory compliance of banking laws and regulations or other related experience.

• TECHNICAL SKILLS: Personal computer skills must include the use of Microsoft Office (Word, Excel, and Access), Metavante systems (Insight, BI), and accessing signature card images, conduct internet searches, and utilize network environments.
• OTHER JOB QUALIFICATIONS: Strong verbal and written communication skills. Strong organizational and prioritization skills.
  
  
  

All qualified applicants will receive consideration for employment and will not be discriminated against on the basis of any legally protected classification including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, or protected veteran status. Bank of Hawaii takes affirmative action in support of its policy to advance in employment legally recognized individuals including minorities, women, protected veterans and individuals with disabilities

As a Bank of Hawaii employee, you ensure (or assist with ensuring) compliance with applicable laws, regulations, regulatory requirements and Bank policies and procedures, including but not limited to those related to Fair Banking, Anti-Money Laundering laws and regulations, Bank Secrecy Act and USA PATRIOT Act.

Delivering exceptional customer experiences is at the heart of what we do at Bank of Hawaii. We listen, understand and deliver what our customers need to help them build a better tomorrow.

We are an EEO/AA employer, including disability and veterans. For Bank of Hawaii's full EEO statement, please visit https://www.boh.com/careers.